Rupee Falls 2 Paise to 94.97 Against U.S. Dollar in Early Trade

Rupee falls 2 paise to 94.97 against U.S. dollar in early trade

Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to $95 per barrel

Rupee Falls 2 Paise To 94.97 Against US Dollar

Higher crude prices, US-Iran tensions and rising Treasury yields weigh on the rupee

Rupee falls 2 paise to 94.97 against US dollar in early trade

The Indian rupee slipped further in early trading on Wednesday amidst signs of escalating tensions between the US and Iran, coupled with soaring oil prices creating turmoil in currency markets. With rising Treasury yields strengthening the dollar, risk aversion is on the rise. The Reserve Bank of India is closely observing the rupee's fall as domestic equity markets are facing significant drops in morning sessions.